Q1 2018 Johannesburg Office Market Report

June 14, 2018

The Johannesburg office market remains under pressure with the vacancy rate slightly increasing to 12.9% in Q1 2018 compared to 12.6% in the previous quarter. This is the highest vacancy rate recorded since 2010, further emphasising pressure in the market. Despite the high vacancy rate, Johannesburg continues to be the first-choice location for many corporates as there is continued developer interest in the city.

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